When To Buy Gold Again

Jim Rogers said in a recent interview that he is taking a contrarian view on Gold. Gold has not had enough corrections yet and for that reason there are still many gold perma bulls. Jim' s argument is that when everybody is throwing gold away at fire sale prices, then it might be a good time to consider buying it again:

"For me, gold has not had enough corrections yet. There are still too many gold bugs." 

"When people say, 'I never want to invest in gold again,' that is when I want to invest in it...When everybody is throwing it out the window, that is usually a good time to buy anything, including gold. So far, there are too many people that love gold."

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)